Company Reach Energy

Equities

REACH

MYL5256OO002

Oil & Gas Exploration and Production

End-of-day quote BURSA MALAYSIA 23:00:00 09/05/2024 BST 5-day change 1st Jan Change
0.03 MYR 0.00% Intraday chart for Reach Energy 0.00% -25.00%

Business Summary

Reach Energy Berhad is a Malaysia-based oil and gas exploration and production (E&P) company. The Company is engaged in exploration, development, production and sales of oil and other petroleum products in the Republic of Kazakhstan. The Company operates through two segments: oil and gas, and investment holding. Its investment holding segment’s activity is to hold the investment in Emir-Oil Concession Block. The Emir-Oil Concession Block located in the Mangystau Oblast in the southwestern region of the Republic of Kazakhstan about 40 km northeast of the City of Aktau. The Company, through Emir-Oil LLP holds a total contract area of approximately 56.73 square kilometer (km2). The Emir-Oil Concession Block consists of several discovered oil fields and prospects, including six production contract areas, namely Kariman, Dolinnoe, Aksaz, Emir, North Kariman and Yessen.

Number of employees: 113

Sales per Business

MYR in Million2022Weight2023Weight Delta
Crude Oil
91.0 %
167 98.3 % 190 91.0 % +13.98%
Petroleum
7.9 %
- - 16 7.9 % -
Gas
1.2 %
3 1.7 % 2 1.2 % -17.72%

Sales per region

MYR in Million2022Weight2023Weight Delta
Kazakhstan
100.0 %
169 100.0 % 209 100.0 % +23.14%

Managers

Managers TitleAgeSince
Director of Finance/CFO 54 13/08/23
Corporate Secretary - -
Corporate Officer/Principal 48 -
Corporate Secretary - 13/07/23

Members of the board

Members of the board TitleAgeSince
Director/Board Member 63 22/01/17
Chairman 55 28/03/23
Director/Board Member 52 28/03/23
Director/Board Member 64 22/09/21
Director/Board Member 31 28/03/23
Director/Board Member 47 19/06/23

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 2,128,987,057 690,493,201 ( 32.43 %) 0 32.43 %

Shareholders

NameEquities%Valuation
BOS Wealth Management Malaysia Berhad
0.0482 %
1,025,100 0.0482 % 5 413 RM

Company contact information

Reach Energy Bhd.

Solaris Dutamas No.1, Jalan Dutamas 1

50480, Kuala Lumpur

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http://www.reachenergy.com.my
address Reach Energy(REACH)